Digital learning and talent management company Learning Technologies announced the receipt of all regulatory clearances required for completing the acquisition of GP Strategies on Friday.
The AIM-traded firm said the transaction was now expected to complete on 14 October, subject to certain customary closing conditions.
It said the acquisition of the NYSE-listed GP Strategies would create a global business with more than 5,000 employees, and pro forma revenues of around £500m.
The “strategically compelling” combination would create a “world-leading” workforce transformation business focussed on learning and talent management, the board said.
“The acquisition of GP Strategies represents a transformational leap for our business,” said chief executive officer Jonathan Satchell.
“It creates a combination of award-winning technology, leading talent development skills and a global delivery capability.
“As an enlarged business, we will be well placed to enable a broadened array of corporate clients to recruit, train, motivate and retain their people in a world of increasing complexity and a rapidly changing relationship between talent and the workplace.”
At 1103 BST, shares in Learning Technologies Group were up 0.2% at 202.6p.
